What Is Earnest Money?

Barbara Marquand, NerdWallet.com
Thu, 12/03/2020 - 4:00pm

Earnest money is a good-faith deposit you make on a home to show the seller you’re serious about buying. The money is deposited after the seller has accepted your offer and is usually kept in an escrow account. When the sale closes, you can keep the cash or apply the money toward the purchase.

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Topics:  barbara marquand   what is earnest   money   nerdwallet   seller   
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  • EARNEST | definition in the Cambridge English Dictionary
    adjective [ not gradable ] us / ˈɜr·nəst / Add to word list. sincere and serious: She made an earnest attempt to convert me to her point of view. in earnest. If something is done in earnest, it is done seriously: Work on the building began, in earnest, in late spring. earnestly.
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  • EARNEST Synonyms: 144 Similar and Opposite Words
    Definition of earnest. as in solemn. not joking or playful in mood or manner I'll accept only an earnest apology from you. Synonyms & Similar Words. Relevance. solemn. serious. stern. professional. sober. humorless. unsmiling. severe. po-faced. staid. sedate. harsh. distinguished. no-nonsense. grave. strict. weighty. sobersided. uncomic.
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    The meaning of EARNEST is characterized by or proceeding from an intense and serious state of mind. How to use earnest in a sentence. Synonym Discussion of Earnest.
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  • earnest adjective
    /ˈɜːnɪst/ /ˈɜːrnɪst/ Idioms. very serious and sincere. an earnest young man. Despite her earnest efforts, she could not find a job. When I looked over, he was in earnest conversation with his father. She was nice enough, but perhaps a little too earnest. Oxford Collocations Dictionary. Word Origin. Take your English to the next level.
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